Thank you @SauSethi for your kind words. Good question & I am sure lot many other IT professionals are struggling with this situation so let me share what I follow.
https://twitter.com/SauSethi/status/1110565957116657665
With 2 growing kids (14Y & 10Y) & a very high pressure, high visibility senior level job at one of the top IT companies, my schedule is always crazy but due to my passion towards capital markets I manage my time to do analysis & trade. Here is what I follow religiously -
1/n
1/n
2/n
1. I do all my analysis EOD basis & remember the stocks I need to trade next day & their key levels of support/resistance
2. I set alerts in IIFL mobile app with Buy above, Short below levels so that I dont need to track these during the day
1. I do all my analysis EOD basis & remember the stocks I need to trade next day & their key levels of support/resistance
2. I set alerts in IIFL mobile app with Buy above, Short below levels so that I dont need to track these during the day
3/n
3. Once I get the alert I will enter into a trade (ONLY if I am free from office work) else I dont trade & I focus on my work because thats my primary bread & butter & I dont compromise on quality of work
4. I dont force myself into trades unless I see my setup being formed
3. Once I get the alert I will enter into a trade (ONLY if I am free from office work) else I dont trade & I focus on my work because thats my primary bread & butter & I dont compromise on quality of work
4. I dont force myself into trades unless I see my setup being formed
4/n
5. Since my primary analysis is on EOD, I now look at Hourly & 15M charts quickly to check if everything matches my lower TF setup. If yes then I take trade else I give it a pass
6. I only put my SL & leave the trade. This helps me control my risk & I keep targets open
5. Since my primary analysis is on EOD, I now look at Hourly & 15M charts quickly to check if everything matches my lower TF setup. If yes then I take trade else I give it a pass
6. I only put my SL & leave the trade. This helps me control my risk & I keep targets open
5/n
7. Based on target levels I set new reminders quickly & get back to work. Let the app do its work
8. I book profits only if I get target alert else I dont bother. Towards the end of the day I review my open trades quickly & take final decision to close or carry.
7. Based on target levels I set new reminders quickly & get back to work. Let the app do its work
8. I book profits only if I get target alert else I dont bother. Towards the end of the day I review my open trades quickly & take final decision to close or carry.
6/6 What is important here -
a) HOME WORK previous night
b) Not trading daily
c) Knowing key levels & trade on alerts only
d) Not hunt for any new trades during the day
e) Manage my risk via strict SL
f) Keeping targets open as per RR 1:2
g) Above all, focus 100% on office work
a) HOME WORK previous night
b) Not trading daily
c) Knowing key levels & trade on alerts only
d) Not hunt for any new trades during the day
e) Manage my risk via strict SL
f) Keeping targets open as per RR 1:2
g) Above all, focus 100% on office work
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